Burger King India has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The company’s shares are proposed to be listed on the BSE and NSE.
The company, which filed the draft red herring prospectus with the SEBI in November, got the regulator’s approval on January 24. Net proceeds from the fresh issue are proposed to be utilised for funding roll out of new company-owned Burger King Restaurants and general corporate purposes. The book running lead managers to the issue are Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and JM Financial.
Burger King India operates as a restaurant. The company prepares and distributes ready to eat food products such as burgers, fries, and beverages. Burger King India serves customers in India.
Company Name | CMP |
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Westlife Development | 825.00 |
Restau. Brands Asia | 79.60 |
Barbeque-Nation Hosp | 466.10 |
Coffee Day Enter. | 25.15 |
Speciality Restauran | 147.95 |
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